Clinton tax hikes slowed growth, Bush cuts promoted recovery

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9/2011, "Setting the Tax Record Straight: Clinton Hikes Slowed Growth, Bush Cuts Promoted Recovery," Curtis Dubay

"Abstract: Despite evidence to the contrary, President Obama and his supporters insist that a tax increase will not impede economic recovery. They claim that the Clinton tax hikes spurred the boom of the 1990s and that the subsequent Bush tax cuts hurt the economy. Members of Congress must reject this faulty notion—and reject the President’s call for burdening Americans with higher taxes and an even slower economy."



"… in May 2003 Congress accelerated the tax cuts to make them effective immediately. In addition to reducing marginal income tax rates, Congress also lowered the tax rates on capital gains and dividends.

It was at this point that economic growth took off. From May 2003 until December 2007 (when the recession caused by the global financial meltdown occurred) the economy created 8.1 million jobs, or 145,000 a month. By comparison, after the beginning of the 2001 recession and before the 2003 tax cuts, the economy was losing 103,000 jobs a month." via Dana Loesch, Big Journalism

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(Ed. note: Bill Clinton raised taxes enormously and even made the increases retroactive. This is never talked about. Bush just made up for some of that which didn't matter much anyway because gas prices went up.)

• PS. As I've said in the past, I view George Bush as a disaster. One or two things he did were mildly successful.

via BigGov., graph from Heritage